The words “low-cost” and “insurance” probably shouldn’t be used together, especially when searching for the best price on coverage for high mileage drivers. Because it’s so expensive, let’s start the ball rolling by going over some of the things that have an effect on car insurance prices, and find out if you can take a little off your next policy.
Finding out which companies offer the best car insurance rates for high mileage drivers may require a little more effort than just comparing a company or two. Each company uses their own calculation for determining rates, so let’s take a look at the most affordable car insurance companies in North Carolina.
It’s a good idea to be aware that Raleigh, NC car insurance rates are impacted by many things which can significantly increase or decrease your annual premium. Getting older, buying a new vehicle, or getting into an accident may generate price changes resulting in some rates now being affordable when they were higher priced.
Cheap Insurance Rates in North Carolina
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Utica National | $636 |
| 2 | Progressive | $658 |
| 3 | Liberty Mutual | $700 |
| 4 | NC Farm Bureau | $716 |
| 5 | Penn National | $717 |
| 6 | Titan | $737 |
| 7 | State Farm | $749 |
| 8 | GEICO | $750 |
| 9 | Auto-Owners | $852 |
| 10 | Erie | $904 |
| 11 | National General | $908 |
| 12 | Allied | $919 |
| 13 | Travelers | $936 |
| 14 | Peerless | $1,002 |
| 15 | Unitrin | $1,002 |
| 16 | MetLife | $1,007 |
| 17 | Nationwide | $1,041 |
| 18 | Allstate | $1,054 |
| 19 | Safeco | $1,066 |
| 20 | Encompass | $1,073 |
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Utica National quotes some of the best car insurance rates in Raleigh at around $636 per year. Progressive, Liberty Mutual, NC Farm Bureau, and Penn National also qualify as some of the cheaper Raleigh, NC insurance companies.
In the above example, if you currently have coverage with NC Farm Bureau and switched to Utica National, you may see a yearly price reduction of upwards of $80. Drivers with Penn National might save as much as $81 a year, and Titan customers might reduce prices by as much as $101 a year.
It’s important to note that these policy rates are averages for all drivers and vehicles and and are not calculated with a vehicle location for high mileage drivers. So the company that is best suited for you may not even be in the list above. That point stresses why you need to compare prices as often as possible using your own specific driver information and vehicle.
The make and model of vehicle requiring insurance is probably the most important factor when trying to find the most economical coverage for high mileage drivers. Vehicles with high performance engines, a lack of advanced safety features, or a history of substantial liability claims will cost quite a bit more to insure than safer, lower-performance models. The data below estimates auto insurance prices for the most budget-friendly vehicles to insure.
| Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V LX 4WD | $1,127 |
| Toyota Tacoma 2WD | $1,196 |
| Ford Escape Limited 2WD | $1,206 |
| Volkswagen Jetta S 4-Dr Sedan | $1,219 |
| Toyota RAV4 Sport 2WD | $1,226 |
| Toyota Camry LE | $1,219 |
| Jeep Grand Cherokee Laredo 2WD | $1,225 |
| Chevrolet Malibu Hybrid | $1,219 |
| Toyota Prius | $1,253 |
| Kia Optima LX | $1,303 |
| Honda Odyssey EX | $1,308 |
| Ford F-150 XL Super Cab 4WD | $1,310 |
| Ford Fusion SEL 4-Dr Sedan | $1,318 |
| Honda Civic DX 4-Dr Sedan | $1,342 |
| Chevrolet Equinox LS 2WD | $1,372 |
| Dodge Grand Caravan Hero | $1,382 |
| Hyundai Elantra Blue 4-Dr Sedan | $1,381 |
| Compare Cheap Rates Go | |
Table data represents single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and North Carolina minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, multi-policy, and homeowner. Information does not factor in vehicle garaging location which can revise insurance rates significantly.
Based on these rates, you can conclude that vehicles like the Honda CR-V, Toyota Tacoma, and Ford Escape are going to be some of the most economical vehicles to insure for high mileage drivers.
One of the many things that are looked at to help calculate the price you pay for insurance is the neighborhood you call home in Raleigh. Cities with more crime and/or more people tend to have higher rates, whereas areas with less crime or weather claims benefit from lower coverage costs.
The following table ranks the most expensive cities in North Carolina for high mileage drivers to purchase auto insurance in. Raleigh is ranked #7 with an annual premium of $767 for the average policyholder, which is around $64 monthly.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Fayetteville | $923 |
| 2 | Jacksonville | $891 |
| 3 | Charlotte | $816 |
| 4 | Wilmington | $788 |
| 5 | Gastonia | $787 |
| 6 | Durham | $773 |
| 7 | Raleigh | $767 |
| 8 | Goldsboro | $765 |
| 9 | Huntersville | $764 |
| 10 | Greensboro | $756 |
| 11 | Wilson | $754 |
| 12 | Greenville | $752 |
| 13 | Cary | $749 |
| 14 | Rocky Mount | $748 |
| 15 | High Point | $731 |
| 16 | Apex | $725 |
| 17 | Indian Trail | $723 |
| 18 | Winston Salem | $716 |
| 19 | Hickory | $711 |
| 20 | Salisbury | $705 |
| 21 | Kannapolis | $697 |
| 22 | Chapel Hill | $696 |
| 23 | Burlington | $692 |
| 24 | Asheville | $687 |
| 25 | Concord | $676 |
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Table data uses estimated as the garaging address in Raleigh can raise or lower premium rates noticeably.
Types of discounts on Raleigh car insurance
Auto insurance companies that offer quotes for high mileage drivers may have premium discounts that could lower prices by 25% or more if you qualify for them. A list of car insurance companies and their offered discounts include:
- State Farm has discounts for Steer Clear safe driver discount, Drive Safe & Save, multiple autos, defensive driving training, and anti-theft.
- Progressive may include discounts for multi-policy, good student, continuous coverage, online quote discount, homeowner, multi-vehicle, and online signing.
- Progressive includes discounts for online quote discount, online signing, continuous coverage, homeowner, multi-policy, multi-vehicle, and good student.
- MetLife policyholders can earn discounts including claim-free, good student, defensive driver, accident-free, and good driver.
- Farm Bureau offers premium reductions for driver training, renewal discount, safe driver, multi-policy, youthful driver, multi-vehicle, and good student.
- GEICO may offer discounts for driver training, military active duty, emergency military deployment, good student, and air bags.
- SAFECO has savings for bundle discounts, accident prevention training, anti-lock brakes, multi-car, homeowner, safe driver, and teen safety rewards.
The diagram below visualizes the comparison of car insurance costs with and without discounts. The premiums are based on a female driver, no accidents, no driving violations, North Carolina state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with marriage, claim-free, anti-theft, defensive driving course, multiple policy, and safe-driver discounts applied. In this example, the average amount saved each year on car insurance for high mileage drivers is 27% or $309.
Best car insurance company in North Carolina
Finding the highest-rated company is hard considering how many choices drivers have in North Carolina. The ranking data shown next can help you select which auto insurers to look at shopping prices with. These ratings are for companies that insure vehicles nationwide, so smaller companies are not included in this list.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| Travelers | 93 | 98 | 99 | 88% | A++ | 95.1 |
| USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
| AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
| Nationwide | 85 | 95 | 97 | 89% | A+ | 92.4 |
| Allstate | 77 | 100 | 97 | 88% | A+ | 90.7 |
| State Farm | 80 | 94 | 96 | 88% | A++ | 90.6 |
| The Hartford | 88 | 93 | 91 | 87% | A+ | 90.4 |
| Safeco Insurance | 91 | 95 | 85 | 88% | A | 90.2 |
| Progressive | 88 | 94 | 83 | 88% | A+ | 90.1 |
| American Family | 91 | 86 | 95 | 83% | A | 89.7 |
| Esurance | 86 | 90 | 94 | 90% | A+ | 89.5 |
| The General | 86 | 93 | 89 | 84% | A- | 88.2 |
| GEICO | 79 | 89 | 95 | 87% | A++ | 87.8 |
| Titan Insurance | 86 | 82 | 92 | 86% | A+ | 86.5 |
| 21st Century | 86 | 82 | 90 | 84% | A | 86.4 |
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Data Source: Insure.com Best Car Insurance Companies
The agents shown below can provide answers to your questions and help you determine which policy is best, since many consumers aren’t sure which coverage to buy and prefer to have a consultation when shopping for cheaper insurance for high mileage drivers. It’s not always simple to find the best rates on your own, so professional agents can give you peace of mind knowing your policy gives you sufficient coverage at claim time. To find a Raleigh insurance agency using an interactive map, click the button at the bottom of the list or click here to get price quotes now.
Blackmon Insurance
3416 Poole Rd # 110 – Raleigh, NC 27610 – (919) 231-8131
Anthony Sykes – State Farm Insurance Agent
4030 Wake Forest Rd Ste 106 – Raleigh, NC 27609 – (919) 850-0560
Wade S Dunbar Insurance
7951 Monument Ln # 201 – Raleigh, NC 27615 – (919) 720-2290
More Raleigh, NC insurance agents
How to find low-cost car insurance for high mileage drivers
The list below summarizes some of the better money-saving ideas that can help drivers quote low-cost car insurance.
- Safer vehicles generally have cheaper insurance rates
- Try to not file small claims
- Having at-fault accidents will increase rates
- Speeding tickets and other violations increase rates
- Good credit scores may lower your rates
- Compare rate quotes often
That last piece of advice is very critical, as was affirmed in the article above. Car insurance prices fluctuate constantly, so drivers shouldn’t be reluctant to buy from a different company if a cheaper price is available. Sticking with a specific company is fine, but we do not recommend it if your bullheadedness ends up costing you potentially thousands of dollars a year. If you have a few minutes, now is a great time to shop around and find cheaper auto insurance for high mileage drivers in Raleigh.